Ratings

GBK’s loans and deposits are in continuous improvement
21 June 04:11 PM GBK says S&P affirms rating, downgrades outlook
Mubasher: The Gulf Bank of Kuwait (GBK) said that Standard and Poor’s Financial Services has affirmed the bank’s credit rating at “A-”, according to a bourse statement on Thursday. The rating agency has downgraded GBK’s Outlook to “Stable” from …
The inclusion of Tadawul in MSCI’s EM index will be implemented in two phases
21 June 09:37 AM MSCI upgrades Saudi Tadawul to emerging market status
Riyadh – Mubasher: The global index compiler MSCI has announced upgrading the Saudi Stock Exchange (Tadawul) to an emerging market (EM) status, from standalone market in its annual review. The inclusion of Tadawul in MSCI’s EM index will be …
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19 June 07:51 PM Fitch expects positive impacts from Abu Dhabi’s reforms
Abu Dhabi - Mubasher: Fitch Ratings said that the new stimulus economic programme by the government of Abu Dhabi will have limited sovereign credit effect due to the strong balance sheet and low fiscal break-even oil price. The ratings agency …
S&P Global downgraded Wethaq’s Outlook to “Negative”
14 June 01:56 PM S&P downgrades Wethaq Takaful outlook
Mubasher: Wethaq Takaful Insurance announced that S&P Global has modified the company’s credit rating. S&P Global downgraded Wethaq’s Outlook to “Negative” from “Stable” while maintained its credit rating at “BB” for fiscal year 2017, according to …
The rating reflects Qatar’s strong economy
14 June 12:16 PM Fitch affirms QIIB’s rating at ‘A’; Outlook “stable”
Mubasher: Qatar International Islamic Bank (QIIB) on Thursday announced that Fitch Ratings has affirmed its long-term issuer default rating (IDR) at “A” with stable outlook. The rating reflects Qatar’s strong economy, according to QIIB’s recent …
The kingdom’s ratings are supported by robust fiscal and external balance sheets
12 June 12:11 PM Fitch Rating affirms Saudi rating at ‘A+’, outlook stable
Riyadh – Mubasher: Saudi Arabia's long-term foreign-currency Issuer Default Rating (IDR) was affirmed at 'A+', Fitch Ratings said in a statement. The outlook on the ratings is stable. The kingdom’s ratings are supported by robust fiscal and …
The rating was based on the standalone credit baseline assessment at “ba1"
11 June 02:59 PM Moody’s places “A1” on KFH’s rating
Mubasher: Moody’s Investors Service has classified Kuwait Finance House’s (KFH) long-term deposits at “A1”, with a “Stable” Outlook. KFH noted that this rating was based on the standalone credit baseline assessment at “ba1”, with forecasts for the …
NBK is the largest profit-generating bank in Kuwait
11 June 01:52 PM NBK’s target price seen at 856 fils – QNB
Mubasher: Qatar National Bank (QNB) has recommended executing accumulation on the stock of the National Bank of Kuwait (NBK). QNB has set the target price for NBK at 856 fils, 14.5% higher than the closing of the stock at 748 fils on Sunday, …
The rating agency has affirmed CBK’s long-term deposits at “A3”
11 June 01:34 PM Moody’s affirms CBK ratings, Outlook “Stable”
Mubasher: Moody’s Investors Service has affirmed the Commercial Bank of Kuwait’s (CBK) credit ratings with a “Stable” Outlook. The rating agency has affirmed the bank’s long-term deposits at “A3”, according to a bourse statement on Monday. This …
the major credit challenge for Kuwait is its very high reliance on oil
7 June 01:04 PM Kuwait's credit profile reflects large oil reserves, lower debt – Moody’s
Mubasher: Kuwait's credit profile, which has a rating of “Aa2” with a “Stable” Outlook, reflects the country's substantial oil and gas reserves, and comparatively low government debt, Moody's Investors Service said in an annual report published …
Fitch has downgraded Burgan Bank's Viability Rating to “b+”
6 June 01:33 PM Fitch downgrades Burgan Bank’s ratings
Mubasher: Fitch Ratings has downgraded Burgan Bank’s compliance to meet its long-term liabilities of foreign currencies to “BBB-” from “A+” in line with an ongoing supervision. Burgan Bank, Kuwait's third-largest lender by assets, noted that Fitch …
Return on capital reached 10.6% in fiscal years from 2012 to 2017
3 June 02:55 PM Moody’s affirms Gulf Insurance rating; Outlook “Stable”
Mubasher: Gulf Insurance Group said that Moody’s Investors Service affirmed the group’s financial strength rating (FSR) at “A3”, with a “Stable” Outlook. The group’s “A3” rating for its FSR reflects Gulf Insurance’s position to repay its dues and …
CI has affirmed CBK’s long- and short-term foreign currency credit ratings (FCR) at “A+” and “A2”
3 June 12:22 PM CI affirms CBK’s ratings; outlook “Stable”
Mubasher: The Commercial Bank of Kuwait (CBK) announced that Capital Intelligence (CI) has affirmed the bank’s entire credit ratings with a “Stable” outlook. CI has affirmed CBK’s long- and short-term foreign currency credit ratings (FCR) at “A+” …
Standard and Poor's Financial Services declined Qatar’s sovereign evaluation to AA-
31 May 03:20 PM Rating downgrade, negative outlook top highlights in Qatar’s diplomatic rift 1 yr later - Analysis
By: Eman Ghaly Mubasher: One year after the diplomatic rift between Qatar and four Arab nations, the gas-rich country’s credit rating has suffered a downgrade and its outlook has turned negative, among others. On 5 June 2017, four Arab countries …
CI also affirmed NBK's financial strength rating (FSR) at 'A+'
31 May 03:08 PM Capital Intelligence affirms NBK's long-term foreign currency at 'AA-'; outlook stable
Kuwait – Mubasher: Capital Intelligence Ratings (CI) has affirmed National Bank of Kuwait's (NBK) long- and short-term foreign currency ratings at 'AA-' and 'A1+', respectively, with a stable outlook. CI also affirmed NBK's financial strength …
Moody's assigns A3 IFSR rating to Chubb Arabia Cooperative Insurance Co; outlook stable
30 May 01:53 PM Moody's assigns A3 IFSR rating to Chubb Arabia Cooperative Insurance Co; outlook stable
Riyadh – Mubasher: Moody’s Investors Services has assigned A3 insurance financial strength rating (IFSR) rating to Chubb Arabia Cooperative Insurance Company, with ‘stable’ outlook. Saudi Arabia-based Chubb Arabia Cooperative Insurance Co is a …
Moody’s upgrades Jadwa Asset Management rating to MQ1
24 May 02:44 PM Moody’s upgrades Jadwa Asset Management rating to MQ1
Riyadh – Mubasher: Moody’s Investors Service has announced upgrading the rating of Saudi Arabia-based Jadwa's manager quality assessment to MQ1. The New York-based rating agency attributed the upgrade to an improvement in the firm’s performance …
Moody's kept a negative outlook on Denizbank’s long-term deposit rating
23 May 03:33 PM Moody's affirms Emirates NBD rating with stable outlook
Dubai – Mubasher: Moody's Investors Service has affirmed the long- and short-term foreign currency deposit ratings of Emirates NBD and Turkey’s Denizbank A.S. at A3/Prime-2 and Ba3/NP, respectively. The international rating agency also affirmed …
Al Ahleia is expected to maintain its strong position in the market
23 May 11:28 AM Moody’s affirms Al Ahleia Insurance’s rating
Mubasher: Moody’s Investors Service has affirmed the Financial Strength Rating (FSR) of Al Ahleia Insurance at “A3”, with a “Stable” outlook, according to a bourse statement on Wednesday. The rating of Al Ahleia Insurance reflects the company’s …
These sukuk assets will form part of 'Wakala' and 'Murabaha' portfolios
22 May 03:03 PM Moody's assigns provisional (P)A1 to KFH’s sukuk programme
Mubasher: Moody's Investors Service has assigned provisional (P)A1 senior unsecured long-term ratings, both foreign and local currency, to the $3 billion trust certificates program of KFH Sukuk Company, a special purpose vehicle incorporated in …
The drop of Doha Bank's long-term deposit ratings reflects the drop of the bank's BCA by 1 notch
22 May 02:44 PM Moody’s decline Doha Bank rating to A3; outlook ‘Negative’
Mubasher: Moody's Investors Service has downgraded Doha Bank's long-term deposit ratings to A3 from A2 and short-term deposit ratings to Prime-2 from Prime-1. The New York-based rating agency also declined the bank's baseline credit assessment …
Moody's also declined the lender’s baseline credit assessment (BCA) to ba1 from baa3
22 May 01:47 PM Moody’s downgrades CBQ rating to A3; outlook 'Negative'
Mubasher: Moody's Investors Service announced that it has downgraded the Commercial Bank of Qatar’s (CBQ) long-term deposit ratings to A3 from A2 and its short-term deposit ratings to Prime-2 from Prime-1. The outlook on the rating is negative.  …
GBK’s short-term deposits were affirmed at “Prime-2"
21 May 12:48 PM Moody’s upgrades GBK outlook to “Positive”
Mubasher: Moody's Investors Service has affirmed Gulf Bank of Kuwait’s (GBK) long-term deposits at “A3”. The rating agency had upgraded GBK’s outlook to “Positive” from “Stable”, according to a bourse statement on Monday. GBK’s short-term deposits …
Net interest margins are improving
20 May 03:27 PM Ubhar capital sets target prices for Emirates NBD, ADCB
Abu Dhabi – Mubasher: Credit growth is expected to increase in 2018-2021 backed by the growth in economic output and liquidity. Net interest margins are improving on the back of increased yields, while operating income saw limited growth and cost …
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17 May 03:32 PM Saudi banks benefit from lower interest, credit costs - Moody's
Riyadh - Mubasher: The Saudi banking sector saw a decline in interest expenses by 12.5% year-on-year, and 2% quarter-on-quarter. This reflects improving funding conditions in Saudi Arabia after significant tightening in 2016, according to a recent …